Sollinda Capital Management LLC Buys Shares of 599,044 Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)

Sollinda Capital Management LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 599,044 shares of the company’s stock, valued at approximately $19,991,000. Simplify US Equity PLUS Downside Convexity ETF accounts for about 5.5% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Sollinda Capital Management LLC owned approximately 18.55% of Simplify US Equity PLUS Downside Convexity ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 80.5% during the 3rd quarter. HighTower Advisors LLC now owns 479,052 shares of the company’s stock worth $16,028,000 after buying an additional 213,705 shares during the period. Elevated Capital Advisors LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 26.7% during the 4th quarter. Elevated Capital Advisors LLC now owns 17,721 shares of the company’s stock worth $591,000 after buying an additional 3,732 shares during the period. Ethos Financial Group LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 240.9% during the 4th quarter. Ethos Financial Group LLC now owns 212,366 shares of the company’s stock worth $7,087,000 after buying an additional 150,079 shares during the period. Almanack Investment Partners LLC. grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 4.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 142,651 shares of the company’s stock worth $4,761,000 after buying an additional 6,533 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth approximately $857,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 2.9 %

Shares of SPD stock opened at $31.34 on Tuesday. The company has a market cap of $128.49 million, a price-to-earnings ratio of 26.63 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $29.70 and a 52 week high of $35.30. The firm has a 50 day moving average of $33.84 and a 200-day moving average of $33.77.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that provides exposure to US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.